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Education : Scholarship and Financial Support (Grantmaking/Grants Payable)

Inner-City Scholarship Fund

A child. A chance. A future.

three stars

85.98

1011 First Avenue Suite 1800
New York, NY 10022
tel: (212) 753-8583   Web Site
EIN: 51-0453629

Board Leadership
Timothy M. Cardinal Dolan
Chairman

CEO
Susan George
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 85.98 three stars
  Financial 84.22 three stars
  Accountability & Transparency 88.00 three stars
This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.

Inner-City Scholarship Fund (Inner-City), a not-for-profit organization, was founded in 1971 by the late Terence Cardinal Cooke and a group of prominent New York executives from many religious backgrounds. Inner-City seeks to provide tuition assistance to students from low-income families who wish to attend inner-city Catholic schools within the Archdiocese of New York, thus making values-based Catholic education a viable choice for children of all faiths. Through the generosity of its volunteers, Inner-City is also able to supplement the education received with a variety of enrichment programs to benefit these children and the schools they attend.

Inner-City Scholarship Fund (Inner-City), a not-for-profit organization, was founded in 1971 by the late Terence Cardinal Cooke and a group of prominent New York executives from many religious backgrounds. Inner-City seeks to provide tuition assistance to students from low-income families who wish to attend inner-city Catholic schools within the Archdiocese of New York, thus making values-based Catholic education a viable choice for children of all faiths. Through the generosity of its volunteers, Inner-City is also able to supplement the education received with a variety of enrichment programs to benefit these children and the schools they attend.

Impact Information

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This impact information is current as of August 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

84.22

Accountability & Transparency

three stars

88.00

This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
83.3%
  Administrative Expenses 4.4%
  Fundraising Expenses 12.2%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 0.35
  Program Expenses Growth 2.2%
  Liabilities to Assets 24.7%
All data for Financial Performance Metrics calculations was provided by Inner-City Scholarship Fund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Inner-City Scholarship Fund on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Inner-City Scholarship Fund (NY) 85.98 three stars
Institute for Educational Advancement (CA) 85.43 three stars
Hispanic Scholarship Fund (CA) 90.91 four stars
Columbus Citizens Foundation (NY) 87.24 three stars
ACCESS College Foundation (VA) 89.91 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $16,431,253
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $3,239,419
   Related Organizations $0
   Government Grants $0
Total Contributions $19,670,672
   Program Service Revenue $0
Total Primary Revenue $19,670,672
   Other Revenue $128,962
TOTAL REVENUE $19,799,634
   
EXPENSES  
   Program Expenses $13,685,443
   Administrative Expenses $825,326
   Fundraising Expenses $2,208,970
TOTAL FUNCTIONAL EXPENSES $16,719,739
   
Payments to Affiliates $0
Excess (or Deficit) for the year $3,079,895
   
Net Assets $55,320,013

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Be A Student's Friend $8,744,364 63.9%
Cardinal Scholarship Fund $4,409,620 32.2%
Financial Grants $334,975 2.4%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-08 09/03/2019 85.98 three stars
2017-08 12/01/2018 88.90 three stars
2016-08 12/22/2017 90.11 four stars
2015-08 02/01/2017 88.68 three stars
2014-08 06/01/2016 85.09 three stars
 
CN 2.0
2014-08 11/01/2015 82.15 three stars
2013-08 02/01/2015 79.28 two stars
2012-08 12/01/2013 83.24 three stars
2012-08 11/01/2013 82.20 three stars
2011-08 12/01/2012 93.59 four stars
2010-08 03/01/2012 93.65 four stars
2010-08 12/01/2011 88.67 three stars
2009-08 09/20/2011 89.76 three stars
 
CN 1.0
2009-08 11/01/2010 85.39 three stars
2008-08 11/01/2009 95.56 four stars
2007-08 11/01/2008 86.00 three stars
2006-08 09/01/2007 65.74 one star
2005-08 02/01/2007 74.17 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 51-0453629
Name in IRS Master File INNER-CITY SCHOLARSHIP FUND INC
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Religious Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Subordinate - the organization is a subordinate in a group ruling.
Group Name UNITED STATES CONFERENCE OF CATHOLIC BISHOPS
Ruling Date March, 1946
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End August
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • August, 2018
  • August, 2017
  • August, 2016
  • August, 2015
  • August, 2014
Compensation % of Expenses Paid to Title Compensation from Affiliates
$225,102 1.34% Susan George Executive Director $150,068

Highly Rated

Charity Name & State Overall Score Overall Rating
Inner-City Scholarship Fund (NY) 85.98 three stars
American Technion Society (NY) 86.64 three stars
National Medical Fellowships (NY) 88.55 three stars
Children's Scholarship Fund Philadelphia (PA) 95.72 four stars
Children's Scholarship Fund (NY) 94.47 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Inner-City Scholarship Fund
1011 First Avenue
Suite 1800
New York, NY 10022
tel: (212) 753-8583
fax: (212) 371-6461
EIN: 51-0453629

Visit Web Site

Board Leadership

Timothy M. Cardinal Dolan
Chairman

CEO

Susan George
Executive Director

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